PERSONAL FINANCE


MDT/PTI 14 August 2012
Optima Senior provides lifelong health insurance coverage with a guarantee of no loading on change of health status Mumbai: Apollo Munich Health Insurance has launched 'Optima Senior' for citizens above 61 years of age, reports PTI.   "With the onset of retirement, most people...

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MDT/PTI 13 August 2012
BoB's interest rate on the 1,111 days deposits of up to Rs1 crore has been hiked to 9.15% from the earlier 8.5%   Mumbai: State run Bank of Baroda on Monday hiked deposit rates on select maturities by up to 0.65%, reports PTI.   In a statement, the bank said it is hiking...

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MDT/PTI 13 August 2012
Bharti AXA General Insurance applied for getting approval from IRDA for an 'unemployment insurance' product which would cover general credit risk of a person   Mumbai: Private insurer, Bharti AXA General Insurance, is likely to come up with a 'unemployment insurance' product in the...

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MDT/PTI 11 August 2012
While there will be no limit on the number of deposits that can be made in a month, basic savings bank account holders will be allowed a maximum of four withdrawals in a month, including through ATMs Mumbai: The Reserve Bank of India (RBI) on Friday asked banks to drop the “no-frills”...

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MDT/PTI 11 August 2012
“All CBS-enabled banks are hereby advised to issue only ‘payable at par’/‘multi-city’ CTS 2010 standard cheques to all eligible customers,” the RBI said in a notification Mumbai: With a view to improving customer services and speeding up fund transfer, the Reserve Bank of India (RBI)...

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MDT/PTI 10 August 2012
CGG Bank will offer the IndiaFirst Group Credit Life Plan and IndiaFirst Group Term Plan to its loan and savings bank account customers   Mumbai: Private insurer IndiaFirst Life Insurance on Friday added two insurance products for the customers of Chaitanya Godavari Grameena Bank...

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MDT/PTI 10 August 2012
The government has suggested DICGC and the RBI to adopt to risk-based deposit insurance premium structure. This will be prior to the DICGC proposal for increasing insurance coverage limit from Rs1 lakh to Rs2 lakh being approved New Delhi: The deposit insurance coverage is also...

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MDT/PTI 10 August 2012
With the introduction of add-ons, HDFC ERGO customers can claim expenses incurred towards repair or replacement of internal parts of gear box and labour cost to overhaul the damaged engine and gear box Mumbai: Private insurer HDFC ERGO General Insurance said it has incorporated add-ons...

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Buying travel insurance is often done to comply with the tour operator’s demand or the requirement of a foreign country for granting a visa. Raj Pradhan explains the risks that can inflict heavy financial damage unless you are insured and which of these can be taken care of by common sense

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MDT/PTI 08 August 2012
Jet's alliance with HDFC Bank comes after the airline terminated its 12-year association for co-branded credit card with Citi in May Mumbai: HDFC Bank and Jet Airways have launched a co-branded credit card, which offers a slew of benefits and rewards to frequent flyers of the country's...

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MDT/PTI 08 August 2012
The decision will allow EPFO, which has a corpus of Rs3.5 lakh crore, more flexibility in its investment   New Delhi: The Central Board of Trustees (CBT) has given green signal to retirement fund body Employees' Provident Fund Organisation (EPFO) to park its funds in fixed deposits...

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MDT/PTI 08 August 2012
While modifying the KCC guidelines, RBI has removed the clause pertaining to mandatory repayment of loans by card holders within a year and gave freedom to banks to fix the repayment period   Mumbai: The Reserve Bank of India (RBI) has relaxed the repayment norms for Kisan Credit...

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Moneylife Digital Team 08 August 2012
New products, regulations, features and options, interpreted from your perspective IDBI Federal Lifesurance Suvidha Savings: Low on Insurance IDBI Federal Lifesurance Suvidha Savings Plan is a participating endowment plan with low insurance component of up to Rs3 lakh up to the...

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MDT/PTI 07 August 2012
According to the NPS provisions, an investor can withdraw 60% of his total corpus, which he has saved during his working life and the rest will go to an annuity plan of a life insurer   Mumbai: Despite the National Pension System (NPS) throwing up a large opportunity to life insurers,...

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MDT/PTI 07 August 2012
According to the ratings agency, RBI's caution on interest rate cuts and high EMIs will continue to be a deterrent for potential home buyers   Mumbai: Indian real estate sector faces a negative outlook in the second half of the year mainly due to sluggish demand, high construction...

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MDT/PTI 07 August 2012
The New York State Department said for almost ten years, StanChart schemed with Iran and hid from regulators roughly 60,000 secret transactions, involving at least $250 billion, and reaping the Bank hundreds of millions of dollars in fees   New York: Standard Chartered Bank...

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Moneylife Digital Team 06 August 2012
The CII and E&Y report offers steps to reform the insurance industry—revisit TPA agreements, implement better controls to prevent frauds and product design to protect policyholders    Confederation of Indian Industry (CII) and Ernst & Young (E&Y) report on the insurance industry...

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MDT/PTI 06 August 2012
Banks are not able to respond quickly to the changes in monetary conditions or monetary policy signals because they carry a fixed cost over an extended period of time says the RBI    Mumbai: With banks led by the country's largest lender State Bank of India (SBI) choosing to cut...

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Aegon Religare’s iHealth is a good surgical benefit plan competing with LIC’s Jeevan Arogya and ICICI Pru Life’s Hospital Care II. Should you go for it? Aegon Religare’s iHealth is a new entrant online health product from a life insurance company. It is a fixed-benefit product offering...

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MDT/PTI 03 August 2012
Despite providing all the relevant documents, including copies of the FIR and the untraceable report, the insurance company had rejected the claim   New Delhi: New India Assurance Company has been directed by a consumer forum to pay Rs9.73 lakh to one of its policy holders as...

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